Greek turmoil returned to the spotlight after payrolls on Friday driving Bunds, Treasuries and the USD higher. Rumors swirled from "connected finance ministers" - via Der Spiegel - suggesting that Greece was leaving the EU and bringing back the once venerable drachma!...
Over the past few months, government bond yields, precious metals and equities approached their cyclical highs while the DXY came within a few percent of its cyclical low. At the same time, most of the high yield, mortgage and investment grade credit markets hit...
The movie "A Few Good Men" ends with a classic scene where Colonel Nathan R Jessup finally admits that he ordered a code red. The practice of administering code reds in the military is both ugly and distasteful, but in the opinion of the colonel, it is a necessary...
From the Bernanke press conference. Reporter Question: "If in one hypothetical case the dollar would sink to a not tolerable level which would harm very much the U.S. economy and the prospect for the global economy because it affects the confidence of so many people,...
I was planning to write something immediately after the press conference yesterday, but midway through I fell asleep. It was about as exciting as an Econ 101class, covering purchasing power parity theories. If the FOMC statement was ham on rye, this was the equivalent...
I was planning to write something immediately after the press conference yesterday, but midway through I fell asleep. It was about as exciting as an Econ 101class, covering purchasing power parity theories. If the FOMC statement was ham on rye, this was the equivalent of chicken flavored cup o' noodles. Bernanke transparency is so much […]
